NZD / USD is posting modest daily gains on Wednesday.The US Dollar Index continues to move sideways above 93.00.Private sector employment in the United States increased by 517,000 in March. The NZD / USD pair extended its rebound and touched a daily high of 0.7005 in the early trading hours of the US session. At […]
Tag: Foreign exchange
US dollar index struggles to find direction above 93.00
The DXY corrects lower after the 2021 highs near 93.50.The ADP report surprised to the downside at 517,000 in March.President Biden’s speech will be the highlight event later in the session. The dollar holds inconclusive price action above 93.00 as tracked by the US Dollar Index (DXY) on Wednesday. US dollar index declines from yearly […]
USD / MXN falls to a week and a half lows below 20.50
Positive day for most emerging currencies against the dollar. Mexican peso remains at the top of the weekly podium. USD / MXN is trading at 20.48, the lowest level since March 18. If confirmed clearly below 20.50, the Mexican peso will be positioned to extend the advance against the dollar. The dollar correction is the […]
USD / CHF registers modest bounce before testing 0.9400, clings to modest gains
USD / CHF is struggling to make a decisive move in either direction. The US Dollar Index is holding relatively fast above 93.00. Investors await US data, US President Biden’s infrastructure plan. The pair USD/CHF it fell towards 0.9400 in the first trading hours of the European session, but managed to reverse its direction. At […]
USD / JPY finds support at 110.50 and approaches 111.00 ahead of US data.
USD / JPY is up for the sixth day in a row. Decline of the dollar and bond yields limits rise. Ahead: US data (ADP employment and home sales) and infrastructure plan presentation. USD / JPY retraced after approaching 111.00, finding support at 110.50, from where it bounced. It is trading at 110.75, up about […]
EUR / USD approaches mid-October low of 1.1689 – Commerzbank
EUR / USD is under pressure, trading near 1.17. The next downside target is lined up at the low of 1.1689 from mid-October, reports Axel Rudolph, senior technical analyst at Commerzbank. Key statements: “EUR / USD fell to the November 11 low at 1.1745 as expected, with the mid-October low at 1.1689 next in line. […]
AUD / USD stabilizes above 0.7600 ahead of US data.
AUD / USD is experiencing a modest rebound after Tuesday’s slide. The US dollar index falls back but remains above 93.00. Ahead: US ADP employment data and stimulus plan presentation. After falling sharply on Tuesday, AUD / USD is regaining some of the ground lost on Wednesday. It reached a session high at 0.7623. It […]
Short-term forecast downgraded from 0.8450 to 0.8400 – Credit Suisse
The expected difference in economic performance between the UK and the rest of Europe, combined with the positive seasonality for the pound in April, led Credit Suisse’s team of analysts to revise the EUR / GBP target from 0.8450 to 0.8400 downward. . Key statements: “Unfortunately for the EU, the impression of petty negativity towards […]
USD / CAD falls back in a limited way to the 1.2600 area
The dollar moderates the rally and enables a downward correction in the USD / CAD. Big Data Ahead: Canada GDP and US ADP Employment USD / CAD is moving on a bearish bias on Wednesday, and it hit lows for the day at 1.2592. From there it bounced and is trading around 1.2600, shedding 0.25% […]
USD / JPY targets resistance zone from 111.68 to 112.40 – Credit Suisse
USD / JPY easily broke above its October 2018 downtrend and analysts at Credit Suisse remain bullish optimistic. They see strong resistance between 111.68 and 112.40. Key statements: “A dramatic rise has seen USD / JPY easily break out of its long-term downtrend since October 2018 and the trend is seen to hold straight up […]
